SEDAR Interim Financial Statements

SAVARIA CORPORATION Interim Condensed Consolidated Financial Statements As at September 30, 2025 (Unaudited and not reviewed by the Corporation’s independent auditors) Note September 30, 2025 December 31, 2024 Assets Current assets Cash and cash equivalents $ 51,133 $ 35,242 Trade and other receivables 105,070 112,441 Income taxes receivable 979 4,577 Derivative financial instruments 11 259 13,272 Inventories 151,519 146,203 Prepaid expenses and other current assets 14,584 13,986 Total current assets 323,544 325,721 Non-current assets Derivative financial instruments 11 134 - Fixed assets 64,998 64,660 Right-of-use assets 49,284 50,553 Intangible assets 200,116 201,557 Goodwill 453,469 429,977 Other long-term assets 882 867 Deferred tax assets 42,977 40,874 Total non-current assets 811,860 788,488 Total assets $ 1,135,404 $ 1,114,209 Liabilities Current liabilities Trade and other payables $ 106,107 $ 110,640 Dividend payable 3,338 3,208 Income taxes payable 5,801 5,914 Deferred revenues 39,457 36,717 Derivative financial instruments 11 4,564 6,648 Current portion of long-term debt 5 2,027 2,046 Current portion of lease liabilities 11,276 11,066 Provisions 3,659 3,508 Total current liabilities 176,229 179,747 Non-current liabilities Long-term debt 5 202,833 237,488 Lease liabilities 40,903 42,022 Long-term provisions 6,144 5,916 Other long-term liabilities 21,417 18,514 Derivative financial instruments 11 4,650 2,302 Deferred tax liabilities 51,519 52,953 Total non-current liabilities 327,466 359,195 Total liabilities 503,695 538,942 Equity Share capital 6 562,759 560,002 Contributed surplus 12,876 11,283 Accumulated other comprehensive income (loss) 28,987 (3,901) Retained earnings 27,087 7,883 Total equity 631,709 575,267 Total liabilities and equity $ 1,135,404 $ 1,114,209 The accompanying notes are an integral part of the interim unaudited condensed consolidated financial statements. SAVARIA CORPORATION INTERIM CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (in thousands of Canadian dollars - Unaudited) 2 Note Three months ended September 30, Nine months ended September 30, 2025 20241 2025 20241 Revenue 12 $ 224,770 $ 213,634 $ 671,748 $ 644,422 Cost of sales 136,646 134,514 411,883 406,934 Gross profit 88,124 79,120 259,865 237,488 Operating expenses Selling and administrative expenses 55,110 51,620 167,460 159,444 Strategic initiatives expenses 7 4,672 5,413 13,949 16,059 Other expenses (income) 8 647 47 2,811 (380) Total operating expenses 60,429 57,080 184,220 175,123 Operating income 27,695 22,040 75,645 62,365 Net finance costs 9 2,191 6,911 10,367 16,066 Earnings before income tax 25,504 15,129 65,278 46,299 Income tax expense 6,034 3,964 17,013 12,122 Net earnings $ 19,470 $ 11,165 $ 48,265 $ 34,177 Earnings per share: Basic $ 0.27 $ 0.16 $ 0.68 $ 0.48 Diluted $ 0.27 $ 0.16 $ 0.67 $ 0.48 Basic weighted average number of shares 71,485,282 71,128,617 71,476,676 71,020,962 Diluted weighted average number of shares 72,160,540 71,811,980 71,956,011 71,442,982 1 The three and nine months of 2024 amounts reflect adjustments made between net finance costs and other comprehensive income, as detailed and explained in Note 9. The accompanying notes are an integral part of the interim unaudited condensed consolidated financial statements. SAVARIA CORPORATION INTERIM CONSOLIDATED STATEMENTS OF EARNINGS (in thousands of Canadian dollars, except per share amounts and numbers of shares - Unaudited) 3 Note Three months ended September 30, Nin --- e months ended September 30, 2025 20241 2025 20241 Net earnings $ 19,470 $ 11,165 $ 48,265 $ 34,177 Items that are or may be reclassified subsequently to net earnings: Net change in derivative financial instruments designated as cash flow hedges, net of tax (704) 407 2,152 (1,726) Net change on translation of financial statements of foreign operations, net of tax 11,067 12,801 31,440 18,694 Costs of hedging reserve on net change in cross-currency swaps designated in net investment hedges, net of tax 9 106 (31) 128 Net change in net investment hedges, net of tax (4,428) 38 (673) (4,669) Other comprehensive income 5,944 13,352 32,888 12,427 Total comprehensive income $ 25,414 $ 24,517 $ 81,153 $ 46,604 1The three and nine months of 2024 amounts reflect adjustments made between net finance costs and other comprehensive income, as detailed and explained in Note 9. The accompanying notes are an integral part of the interim unaudited condensed consolidated financial statements. SAVARIA CORPORATION INTERIM CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (in thousands of Canadian dollars - Unaudited) 4 2025 Share capital Contributed surplus Accumulated other comprehensive income (loss) Retained earnings Total equity Number Amount Balance at January 1 71,402,507 $ 560,002 $ 11,283 $ (3,901) $ 7,883 $ 575,267 Net earnings - - - - 48,265 48,265 Stock-based compensation, net of tax - - 2,043 - - 2,043 Exercise of stock options (Note 6) 170,824 2,757 (450) - - 2,307 Dividends on common shares (Note 6) - - - - (29,061) (29,061) Total transactions with shareholders 170,824 2,757 1,593 - (29,061) (24,711) Other comprehensive income - - - 32,888 - 32,888 Balance at September 30 71,573,331 $ 562,759 $ 12,876 $ 28,987 $ 27,087 $ 631,709 2024 Share capital Contributed surplus Accumulated other comprehensive income (loss)1 Retained earnings (deficit)1 Total equity Number Amount Balance at January 1 70,942,726 $ 551,355 $ 9,570 $ (8,748) $ (3,177) $ 549,000 Net earnings - - - - 34,177 34,177 Stock-based compensation, net of tax - - 2,039 - - 2,039 Exercise of stock options (Note 6) 423,115 8,131 (1,448) - - 6,683 Dividends on common shares (Note 6) - - - - (27,813) (27,813) Total transactions with shareholders 423,115 8,131 591 - (27,813) (19,091) Other comprehensive income - - - 12,427 - 12,427 Balance at September 30 71,365,841 $ 559,486 $ 10,161 $ 3,679 $ 3,187 $ 576,513 1The nine months of 2024 amounts reflect adjustments made between net finance costs and other comprehensive income, as detailed and explained in Note 9. The accompanying notes are an integral part of the interim unaudited condensed consolidated financial statements. SAVARIA CORPORATION INTERIM CONSOLIDATED STATEMENT OF CHANGES IN EQUITY Periods of nine months ended September 30, 2025 and 2024 (in thousands of Canadian dollars, except numbers of shares - Unaudited) 5 Three months ended September 30, Nine months ended September 30, Note 2025 20241 2025 20241 Cash flows related to operating activities Net earnings $ 19,470 $ 11,165 $ 48,265 $ 34,177 Adjustments for: Depreciation of fixed assets 2,661 2,487 7,966 6,858 Depreciation of right-of-use assets 3,292 3,078 9,793 8,496 Amortization of intangible assets 7,837 7,906 22,650 22,926 Income tax expense 6,034 3,964 17,013 12,122 Gain on business divestitures 8 - - - (879) Stock-based compensation 752 766 2,127 2,039 Non-cash movements on financial instruments 9 (10) 338 930 885 Loss on the sale and write-off of fixed assets and intangible a --- ssets 68 35 127 45 Unrealized foreign exchange loss 137 2,933 930 1,824 Interest and amortization of financing costs 9 3,311 4,950 10,427 14,715 Income tax paid (5,609) (7,142) (18,478) (22,215) 37,943 30,480 101,750 80,993 Net changes in non-cash operating items 10 3,599 5,324 1,309 4,904 Net cash related to operating activities 41,542 35,804 103,059 85,897 Cash flows related to investing activities Business acquisitions 4 206 - (3,956) (7,137) Proceeds from business divestitures - - 746 6,646 Settlement of derivative financial instruments 11 - - 4,954 - Proceeds from sale of fixed assets 143 34 331 50 Additions to fixed assets (3,126) (3,885) (7,767) (8,722) Increase in intangible assets (2,573) (2,069) (7,452) (5,725) Net cash related to investing activities (5,350) (5,920) (13,144) (14,888) Cash flows related to financing activities Repayment of lease obligations (3,139) (3,424) (10,648) (9,133) Net change in the revolving facility 5 (11,492) (3,311) (30,021) (25,653) Interest paid (2,472) (3,598) (7,910) (11,395) Transaction costs related to the revolving facility (309) - (309) - Proceeds from exercise of stock options 6 1,827 4,177 2,307 6,266 Dividends paid on common shares 6 (9,651) (9,240) (28,931) (27,677) Net cash related to financing activities (25,236) (15,396) (75,512) (67,592) Unrealized foreign exchange impact on cash held in foreign currencies 1,267 128 1,488 797 Net change in cash 12,223 14,616 15,891 4,214 Cash - Beginning of the period 38,910 43,674 35,242 54,076 Cash - End of the period $ 51,133 $ 58,290 $ 51,133 $ 58,290 1The three and nine months of 2024 amounts reflect adjustments made between net finance costs and other comprehensive income, as detailed and explained in Note 9. The accompanying notes are an integral part of the interim unaudited condensed consolidated financial statements. SAVARIA CORPORATION INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands of Canadian dollars - Unaudited) 6 1. Nature of Activities and Corporate Information Savaria Corporation is domiciled in Canada. The interim condensed consolidated financial statements of the Corporation as at and for the periods ended September 30, 2025 and 2024 comprise the accounts of Savaria Corporation and its wholly owned subsidiaries (together referred to as the "Corporation" or as "Savaria"). Savaria is one of the global leaders in the accessibility industry. It provides accessibility solutions for the elderly and physically challenged to increase their comfort, their mobility and their independence. The activities of the Corporation are divided into two reportable segments: Accessibility and Patient Care as described in Note 12 - Reportable segments. The common shares of the Corporation are listed under the trading symbol “SIS” on the Toronto Stock Exchange. 2. Basis of Presentation A) Statement of Compliance The interim condensed consolidated financial statements have been prepared in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board applicable to the preparation of interim financial statements, including IAS 34. These interim condensed financial statements do not include all of the information required for full annual financial statements and should be read in conjunction with the audited annual consolidated financial statements of the Corporation and the notes thereto for the year ended on December 31, 2024. These interim condensed financial statements have not been the subject of a revi --- ew or an audit by the Corporation's auditors; they were approved by the Board of Directors on November 5, 2025. B) Use of Estimates and Judgements The preparation of the consolidated financial statements in conformity with IFRS requires management to make judgements, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, revenue and expenses. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the period in which the estimates are revised and in any future periods affected. Important judgements made by management when applying accounting policies that have the most significant impact on amounts recognized in the consolidated financial statements are the determination of cash-generating units ("CGU"), the identification of operating segments and the determination of foreign operations' functional currencies. Assumptions and estimate uncertainties that have a significant risk of resulting in a material adjustment are the determination of worldwide deferred income tax balances and income tax expense. Judgements such as interpretations of laws, treaties and regulations in each jurisdiction are required by management in determining deferred income tax balances and income tax expense. Other areas involving assumptions and estimate uncertainties include the estimation of the fair value of assets and liabilities acquired during business acquisitions, the determination of the warranty, inventory obsolescence provisions, the capitalization of intangible assets and the measurement of lease obligations. 3. Material Accounting Policies The interim condensed consolidated financial statements have been prepared following the same accounting policies used in the audited annual consolidated financial statements for the year ended December 31, 2024. The accounting policies have been applied consistently by the Corporation's entities and to all periods presented in these interim condensed consolidated financial statements, unless otherwise indicated. SAVARIA CORPORATION NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS (Tabular amounts are expressed in thousands of Canadian dollars, except share data - Unaudited) 7 4. Business Acquisition Business Acquisition Realized During the Fiscal Year Western Elevator Ltd On May 8, 2025, the Corporation acquired all issued shares of Western Elevator Ltd. ("Western") for a purchase price of $5,436,000. Western is a premier home elevator and lift dealer based in Coquitlam, British Columbia. The acquisition of Western has been accounted for using the acquisition method. Western has been consolidated from the acquisition date. The purchased assets comprised mainly of right of use assets, intangible assets and goodwill. The goodwill has been allocated to the Accessibility reportable segment and is non-deductible for tax purposes. As at September 30, 2025, the remaining balance payable of $606,000 was presented in short term account payables. The purchase price allocation is expected to be completed as soon as management has gathered all the information available and considered necessary to finalize the allocation. 5. Long-term Debt September 30, 2025 December 31, 2024 Revolving Facility 1 $ 202,611 $ 237,062 Notes payable related to business acquisitions 2,249 2,472 $ 204,860 $ 239,534 Less: Current portion 2,027 2,046 $ 202,833 --- $ 237,488 1 Net of deferred financing costs of $1,771,000 (2024 - $2,050,000). Revolving Facility The Corporation has a revolving facility as follows: ?Amount available of $450,000,000, in Canadian dollar (or in US dollar, euro or British pound equivalent); ?The revolving facility comes to maturity on August 15, 2028; ?Interest is payable on a monthly basis. The applicable interest rate on the revolving facility is based on the leverage level assigned to the Corporation. According to the current credit rating, the rate is either the CORRA or SOFR, plus 1.50% or 1.30%, respectively, or the Canadian prime rate or US base rate, plus 0.20%, before the impact of the cross-currency swaps; ?As at September 30, 2025, amounts of $886,000 in CA dollars and $146,224,000 in US dollars were drawn on the revolving facility. Reconciliation of movements of long-term debt to cash flows arising from financing activities: 2025 Balance at January 1 $ 239,534 Net change in the revolving facility (30,021) Note paid related to a previous business acquisition (210) Amortization of deferred financing costs 595 Transaction costs related to a long-term debt (309) Impact of the change in foreign exchange rates (4,729) $ 204,860 Less: Current portion 2,027 Balance at September 30 $ 202,833 SAVARIA CORPORATION NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS (Tabular amounts are expressed in thousands of Canadian dollars, except share data - Unaudited) 8 6. Share Capital A) Share Capital and Contributed Surplus During the first nine months of 2025, the Corporation issued 170,824 common shares (2024-423,115) at an average price of $13.51 per share (2024-$15.79) following the exercise of stock options. These exercises resulted in an increase in share capital of $2,757,000 (2024-$8,131,000) and a decrease in contributed surplus of $450,000 (2024-$1,448,000).The average closing price of the Corporation's shares on the exercise dates of options exercised during 2025 was $20.02 (2024-$19.40). The following table presents the reconciliation of outstanding stock options as at September 30, 2025 and 2024: 2025 2024 Number of options Weighted average exercise price Number of options Weighted average exercise price Outstanding at January 1 3,949,590 $ 16.75 3,117,450 $ 15.86 Granted 907,505 19.90 979,921 16.38 Exercised (170,824) 13.51 (423,115) 15.79 Expired and forfeited (270,337) 17.24 (105,166) 17.18 Outstanding at September 30 4,415,934 $ 17.50 3,569,090 $ 15.98 The value of each option is estimated at the date of grant using the Black-Scholes option pricing model with the following assumptions: 2025 Number of options granted 907,505 Risk-free interest rate1 3.06 % Expected dividend yield1 2.73 % Expected volatility1 29 % Expected term 4-6 years 1 Weighted average The estimated fair value of the options granted in 2025 is $4,040,000 (2024-$3,943,000). This amount is amortized and charged to earnings as the rights to exercise are vested. B) Dividends The following dividends were declared and paid by the Corporation: Nine months ended September 30, 2025 2024 Dividends declared $ 29,061 $ 27,813 Amount declared per share in cents 40.7 39.1 Dividends paid $ 28,931 $ 27,677 Amount paid per share in cents 40.5 39.0 7. Strategic Initiatives Expenses In 2023, the Corporation initiated a two-year strategic plan called Savaria One to optimize sales and operations. Strategic initiatives expenses are predominantly related to consulting fees for Savaria One. SAVARIA CORPORATION --- NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS (Tabular amounts are expressed in thousands of Canadian dollars, except share data - Unaudited) 9 8. Other Expenses (Income) Other expenses (income) encompass items of financial performance which the Corporation believes should be separately identified in the consolidated statement of earnings to assist in understanding its operating financial performance. Business acquisition costs pertain to transaction costs incurred related to business purchases (successful or not). Business integration costs pertain to costs incurred to integrate newly acquired businesses. Optimization program costs pertain to costs incurred in order to improve the efficiency of operations activities across the business and is comprised mainly of employee termination expenses and relocation costs. On February 1, 2024, Savaria sold all of the issued and outstanding shares of its wholly-owned subsidiaries, Van-Action and Freedom Motors, to Driverge Canada, a subsidiary of Driverge Vehicle Innovations, LLC. The net gain of $879,000 from these divestitures was recorded as other income within the caption as of June 30, 2024. Three months ended September 30, Nine months ended September 30, 2025 2024 2025 2024 Business acquisition costs $ 92 $ - $ 397 $ 208 Business integration costs 144 47 779 291 Optimization program costs 411 - 1,635 - Gain on business divestitures - - - (879) $ 647 $ 47 $ 2,811 $ (380) 9. Net Finance Costs Three months ended September 30, Nine months ended September 30, 2025 2024 2025 2024 Interest on long-term debt $ 2,492 $ 4,199 $ 7,999 $ 12,594 Interest on lease liabilities 591 548 1,757 1,495 Other interests and bank charges 95 85 365 191 Amortization of deferred financing costs and accretion expenses 228 203 671 626 Interest income (81) (167) (375) (369) Net (gain) loss on foreign currency exchange (1,124) 1,705 (980) 644 Net (gain) loss on financial instruments (30) 332 870 849 Ineffective portion of changes in fair value of net investment hedges 20 6 60 36 $ 2,191 $ 6,911 $ 10,367 $ 16,066 As a result of the change in the presentation of a financial instrument between net finance costs and other comprehensive income, Q3 2024 figures were restated. The impact on Q3 2024 figures were $(2,532,000) on net finance costs and $671,000 on income tax expense, for net impact on earnings of $(1,861,000). For the nine-month period ended September 30, 2024, the impact on Q3 figures were $(1,166,000) on net finance costs and $309,000 on income tax expense, for net impact on earnings of $(857,000). The impact on the accumulated other comprehensive income was $(915,000) and on the deferred tax assets was $58,000 as at September 30, 2024. SAVARIA CORPORATION NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS (Tabular amounts are expressed in thousands of Canadian dollars, except share data - Unaudited) 10 10. Net Changes in Non-cash Operating Items Three months ended September 30, Nine months ended September 30, 2025 2024 2025 2024 Trade and other receivables $ 6,960 $ 6,408 $ 10,153 $ 10,019 Inventories (476) (2,797) (1,612) (6,654) Prepaid expenses and other current assets (2,200) 4,027 (317) (408) Other long-term assets 8 9 23 (16) Trade and other payables (156) (766) (8,906) 3,814 Deferred revenues (850) (1,530) 468 (3,668) Provisions (188) (332) (174) (241) Other long-term liabilities 501 305 1,674 2,058 $ 3,599 $ 5,324 $ 1,309 $ 4,904 11. Derivative Financial Instruments The table below shows the --- presentation of the derivative financial instruments in the Statement of Financial Position. September 30, 2025 December 31, 2024 Current assets Foreign exchange contracts $ 259 $ - Cross-currency swaps - 13,272 $ 259 $ 13,272 Non-current assets Foreign exchange contracts $ 134 $ - $ 134 $ - Current liabilities Foreign exchange contracts $ 371 $ 6,648 Cross-currency swaps 4,193 - $ 4,564 $ 6,648 Non-current liabilities Foreign exchange contracts $ - $ 148 Cross-currency swaps 4,650 2,154 $ 4,650 $ 2,302 The only financial instruments of the Corporation that are measured at fair value on a recurring basis subsequent to their initial recognition are derivative financial instruments which are Level 2. The fair value of forward exchange contracts is estimated by discounting the difference between the contractual forward price and the current forward price for the residual maturity of the contract using a risk-free interest rate (based on government bonds). The fair value of cross-currency swaps is calculated as the present value of estimated future cash flows over the remaining term of the contracts and is based on market data (primarily yield curves, interest rates, and exchange rates for cross-currency swaps). Fair values reflect the credit risk of the instrument and include adjustments to take account of the credit risk of the Corporation's subsidiary or counterparty when appropriate. The carrying amount of cash and cash equivalents, trade and other receivables, trade and other payables approximate their fair values due to their short-term maturities. The carrying amount of the long-term debt approximates its fair values since it bears interest at variable rates. For the nine months ended September 30, 2025, a net loss of $870,000 was recorded in financial expenses related to the change in fair value through earnings of these instruments. On April 3rd, 2025, the Corporation’s EUR 80,000,000 USD-EUR cross-currency swap and EUR 40,000,000 foreign exchange contract matured and were settled. A EUR 40,000,000 portion of this USD-EUR cross- currency swap was part of the hedging item designated in its European operations net investment hedging relationship, and following its maturity, the Corporation designated its EUR 40,000,000 (USD 43,500,000) forward cross-currency swap entered into on January 9, 2024 with an effective date starting on April 3rd, 2025 and maturing on April 3rd, 2027 in its net investment hedge. SAVARIA CORPORATION NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS (Tabular amounts are expressed in thousands of Canadian dollars, except share data - Unaudited) 11 12. Reportable Segments Information About the Reportable Segments For the purpose of financial reporting, the business is structured into two reportable segments according to their respective addressable markets. The Accessibility segment includes the designing, manufacturing, distribution and installation of a wide portfolio of accessibility products including commercial and home elevators, stairlifts, platform lifts and dumbwaiters, for personal, residential or commercial applications. It also sells a wide variety of wheelchair accessible motor vehicles adapted for people with special needs. The Patient Care segment includes the designing, manufacturing, distribution, and installation of ceiling lifts, patient transfer slings and accessories, floor lifts, standing aids, bathing equipment, medical beds, therapeutic support surfaces and pressure management produ --- cts used in healthcare facilities and in home care settings. The Corporation's management assesses the performance of the reportable segments based on revenue and adjusted EBITDA. Adjusted EBITDA is defined as earnings before net finance costs, taxes, depreciation and amortization, strategic initiatives expenses, other expenses (income) and stock-based compensation expense. Head office costs pertain to expenses for certain corporate functions, which are not allocated to segments. Three months ended September 30, Accessibility Patient Care Head Office Total 2025 Revenue $ 180,055 $ 44,715 $ - $ 224,770 Adjusted EBITDA $ 42,327 $ 8,166 $ (2,937) $ 47,556 Stock-based compensation - - 752 752 Strategic initiatives expenses 3,104 493 1,075 4,672 Other expenses 382 164 101 647 Depreciation and amortization expense 10,544 2,346 900 13,790 Operating income $ 28,297 $ 5,163 $ (5,765) $ 27,695 2024 Revenue $ 169,769 $ 43,865 $ - $ 213,634 Adjusted EBITDA $ 36,217 $ 7,627 $ (2,107) $ 41,737 Stock-based compensation - - 766 766 Strategic initiatives expenses 3,378 930 1,105 5,413 Other expenses (income) 91 - (44) 47 Depreciation and amortization expense 10,270 2,192 1,009 13,471 Operating income $ 22,478 $ 4,505 $ (4,943) $ 22,040 SAVARIA CORPORATION NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS (Tabular amounts are expressed in thousands of Canadian dollars, except share data - Unaudited) 12 12. Reportable Segments (continued) Information About the Reportable Segments (continued) Nine months ended September 30, Accessibility Patient Care Head Office Total 2025 Revenue $ 526,895 $ 144,853 $ - $ 671,748 Adjusted EBITDA $ 115,288 $ 28,064 $ (8,411) $ 134,941 Stock-based compensation - - 2,127 2,127 Strategic initiatives expenses 9,093 1,709 3,147 13,949 Other expenses 1,671 720 420 2,811 Depreciation and amortization expense 30,885 6,755 2,769 40,409 Operating income $ 73,639 $ 18,880 $ (16,874) $ 75,645 2024 Revenue $ 503,585 $ 140,837 $ - $ 644,422 Adjusted EBITDA $ 99,959 $ 24,866 $ (6,462) $ 118,363 Stock-based compensation - - 2,039 2,039 Strategic initiatives expenses 10,948 1,891 3,220 16,059 Other expenses (income) (764) - 384 (380) Depreciation and amortization expense 28,893 6,246 3,141 38,280 Operating income $ 60,882 $ 16,729 $ (15,246) $ 62,365 Disaggregation of Revenue and Information by Geographical Areas Three months ended September 30, Accessibility Patient Care Total 2025 Revenue by region Canada $ 24,952 $ 14,889 $ 39,841 United States 74,278 26,602 100,880 Europe and rest of world 80,825 3,224 84,049 $ 180,055 $ 44,715 $ 224,770 Timing of revenue recognition Goods transferred at a point in time $ 162,044 $ 38,431 $ 200,475 Services provided over time 18,011 6,284 24,295 $ 180,055 $ 44,715 $ 224,770 2024 Revenue by region Canada $ 21,786 $ 16,153 $ 37,939 United States 70,858 25,276 96,134 Europe and rest of world 77,125 2,436 79,561 $ 169,769 $ 43,865 $ 213,634 Timing of revenue recognition Goods transferred at a point in time $ 152,569 $ 38,818 $ 191,387 Services provided over time 17,200 5,047 22,247 $ 169,769 $ 43,865 $ 213,634 SAVARIA CORPORATION NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS (Tabular amounts are expressed in thousands of Canadian dollars, except share data - Unaudited) 13 12. Reportable Segments (continued) Disaggregation of Revenue and Information by Geographical Areas (continued) Nine months ended September 30, Accessibility Patient Care Total 2025 Revenue by region Canada $ 72,984 $ 51,033 --- $ 124,017 United States 217,853 85,369 303,222 Europe and rest of world 236,058 8,451 244,509 $ 526,895 $ 144,853 $ 671,748 Timing of revenue recognition Goods transferred at a point in time $ 474,959 $ 127,029 $ 601,988 Services provided over time 51,936 17,824 69,760 $ 526,895 $ 144,853 $ 671,748 2024 Revenue by region Canada $ 65,989 $ 46,703 $ 112,692 United States 205,148 86,662 291,810 Europe and rest of world 232,448 7,472 239,920 $ 503,585 $ 140,837 $ 644,422 Timing of revenue recognition Goods transferred at a point in time $ 454,277 $ 124,345 $ 578,622 Services provided over time 49,308 16,492 65,800 $ 503,585 $ 140,837 $ 644,422 SAVARIA CORPORATION NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS (Tabular amounts are expressed in thousands of Canadian dollars, except share data - Unaudited) 14 SAVARIA CORPORATION 4350 Highway 13 Laval QC H7R 6E9 Canada 450.681.5655 800.931.5655 savaria.com